IMF says Sri Lanka’s economic recovery shows signs of improvement but challenges remain
COLOMBO, Sri Lanka (AP)- Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recoveryContinue Reading
Category: Sri Lanka
Sri Lanka Rupee’s Rally May Falter as 17% Slide to 350 Rupees Seen on Horizon- Bloomberg
(Bloomberg) — After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupeeContinue Reading
Asian Development Bank grants $350 million to cash-strapped Sri Lanka
Manila (AFP)- The Asian Development Bank approved a $350 million loan on Monday for bankrupt Sri Lanka, buttressing an IMFContinue Reading
Sri Lanka Jan-April tea output drops to 3-yr low; fertiliser price surges
COLOMBO, May 26 (Reuters) – Sri Lanka’s tea production in the first four months of 2023 dropped 20% to aContinue Reading
Sri Lanka president vows to conclude debt-restructuring talks by Sept or Nov
TOKYO (Reuters) -Debt-laden Sri Lanka should be able to conclude a new round of restructuring talks by September or NovemberContinue Reading
Sri Lanka Navy Finds 14 Bodies In Capsized Chinese Boat
Sri Lanka’s navy said Wednesday it had located 14 bodies inside a Chinese fishing boat that had capsized last weekContinue Reading
IMF Asks Sri Lanka To Speed Debt Restructuring
The International Monetary Fund asked Sri Lanka Tuesday to speed its debt restructuring and warned any delays could undermine effortsContinue Reading
China’s Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka
COLOMBO, Sri Lanka (AP) — Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter intoContinue Reading
Sri Lanka Cricket chiefs re-elected after term limits dropped
Sri Lanka’s sports minister suspended controversial regulations on term limits on administrators and allowed the cricket board to re-elect its office bearersContinue Reading
Sri Lanka rupee drops below 300 as central bank eases dollar buying -analysts
Sri Lanka’s rupee dropped below 300 against the U.S. dollar for the first time in over a year as theContinue Reading
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